Remaking the CFPB?

The CFPB announced that it is issuing a “call for evidence to ensure the bureau is fulfilling its proper and appropriate functions to best protect consumers.” Consider this your chance to finally tell the bureau what you really think of it and how it works.

On Tuesday, the CFPB announced that it may “reconsider” the so-called “Payday Rule,” which is designed to protect consumers from predatory payday, car title, and other short-term loans by requiring the lenders to verify that the borrower will be able to repay the loan.